Determination of income, being partly from agricultural and partly from business

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ltural produce which has been raised by the assessee, or received by him as rent in kind, shall be allowed as a deduction, where - (a) such agricultural produce has been utilised as a raw material in such business; or (b) sale receipts of such agricultural produce are included in the accounts of the business. (2) No further deduction shall be made in respect of any expenditure....